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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (79605)6/16/2002 2:20:52 PM
From: t2  Read Replies (1) of 99280
 
The latest program trading statistics were released by the NYSE after today's close (see report), and the percentage of program volume executed for member firms accounts jumped to nearly 35%. That's a significant increase in program activity from previous weeks, and the heavy volume figures over the past several days suggests that program volume remains above average.

Would this not be a sign that new institutional money is going into stocks more than bonds?
Possibly the beginning of a shift---a confirmation of this would be when the bonds start doing poorly.

We had read about non-US stock holders dumping recently. One would think that would show up in institutional data as their investing is likely to be in large US index funds (run from other countries)...basically large cap buying.

Just a thought.....Could this be the signal that foreign selling of stocks has run its course and we may be on the verge of a reversal leading to higher stock prices supported by lower bond yields?

(even if it is a bear market rally)

btw--probably an even stronger case for shorts in gold as they have run up so much already this year...especially if the dollar index bounces even a couple of points...could lead to 30% plus declines in unhedged gold stocks if that was to happen (only short NEM for now). Basically a favorable risk/reward in shorting this group near term, imho. (better than going long Naz)
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